Investors in crypto and traditional markets bet that impending U.S. presidential election will breed price volatility.

At least according to betting markets, the U.S.

Arthur Hayes labels Solana as a high-beta Bitcoin amid elections, emphasizing its appeal over Ethereum and impact of Fed's policy.

Prices had rallied early in U.S. trading on Friday alongside a soft economic data and a rebound in stocks.

The network's monthly average hashrate surged to a record high, the report said.

The October employment numbers are among the last pieces of economic data the Fed will see prior to its policy setting meeting next week.

The broker raised its price target for the software company to $300 from $173 while maintaining its buy rating.

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 1, 2024.